Now that the Illinois Constitution has been amended to expand government union power, residents can expect to see costly government union demands, increased taxes and litigation to clarify its vague language.
Analysis from the Federal Reserve Bank of Philadelphia indicates Illinois lost jobs during Q2 rather than gaining, as previously reported. It may still be losing jobs. Illinois ranked No. 2 for highest unemployment in November.
Record outmigration in 2022 pushed Illinois’ population change into the red for the 9th straight year, the second-longest streak in the nation, the Census Bureau reported.
Kentucky, Wisconsin, Indiana and Missouri are attracting residents while Iowa and Michigan are the only neighbor states losing residents to other states
More Illinoisans fled for other states from July 2021-July 2022 than during any other year in recorded history, driving the state’s record population decline.
New Census Bureau data shows people moving out of Illinois continues to drive the state’s population decline. So many moved away in the year before July 2022, it was almost like Rockford disappearing.
Illinois shoppers will pay an average 8.81% in sales taxes on presents this holiday, the eighth most nationwide. Some Cook County communities will charge up to 11.5%.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...